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Nano Dimension increases offer to acquire Stratasys to $19.55 per share
The Fly

Nano Dimension increases offer to acquire Stratasys to $19.55 per share

Nano Dimension (NNDM) has submitted a revised offer to acquire Stratasys Ltd. (SSYS) for $19.55 per share in cash. Under the terms of the Improved Proposal, Nano Dimension would acquire the remaining shares of Stratasys it does not currently own for an aggregate of approximately $1.2 billion on a fully diluted basis. This offer represents a premium of 37% to the closing trading price as of March 3rd, 2023, a 40% premium to the Company’s 30-day VWAP, 51% premium to the 60-day VWAP and a 47% premium to the 90-day VWAP as of March 3rd, 2023. Nano Dimension has been the largest shareholder of Stratasys since July 2022 and currently owns approximately 14.5% of Stratasys’ outstanding shares. The company said, "Nano Dimension’s Improved Proposal represents a significant increase in value of $1.55 per share, or 9%, as compared to its March 6th, 2023, proposal and offers compelling and certain value to Stratasys shareholders at a time of ongoing market volatility."

Published first on TheFly

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